Deutsche co-CEO would prefer not to juggle

Deutsche Bank Co-Chief Executive Officer Juergen Fitschen is seeking to keep prosecutors from filing charges against him. If he fails, he may have to juggle his duties with his defence as his predecessor did a decade ago.

The case highlights the increased oversight banks face and any charges threaten to distract Fitschen as Deutsche Bank seeks to resolve regulatory probes into benchmark interest and currency rates. Deutsche Bank said yesterday that pretax profit rose 16% in the second quarter from a year earlier. The company increased its litigation reserves by $603m to $2.95bn in the quarter, its filings show.

Josef Ackermann, Deutsche Bank CEO from 2002 to 2012, continued to work while he faced charges a decade ago that he approved what prosecutors thought were $76.4m in over-generous bonuses as a supervisory board member of another company.

Ian Bolland

A journalism graduate of Liverpool John Moores University. During his time at university, Ian spent time on work experience at local newspapers in Liverpool, Bolton and Wigan, and prior to that he did work for The Observer's 'fans verdict'. Ian also has interests in news, current affairs and business but mostly sport, including football, rugby league, cricket, golf and Formula 1, amongst others.